FC Community
Discussion Boards => Off-Topic => Topic started by: tashamjoy on June 12, 2011, 08:53:25 pm
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Who lets people borrow money? I have lent out so much money in my life and am sick of it !!! I guess I am the pushover how do you guys feel about lening out money? I paid for a concert back in december for my 3 friends and me only one friend paid me back one friend keeps saying she will and the other one stopped texting me when i asked and changes the subject when we were together this was not a forced concert they choose to go dont you think they would have known they would have had to pay dont forget i drove an hour away my gas my money for parking all i ask is the money for the ticket i dont get how people can do this !!!
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why you pay for them, I lent money to my friend too, but at that time, I thought they are not bad person, but after they disappeared and they never mentioned they would give back my money, it was not a big money but when I really need money that money can let me live for some days. the first person I lent money to him cos his hometown is not far from mine, I called him after some month, he asked me not to call him anymore!....see how this kind of people is.
nowadays, if you can keep your money in your pocket then keep them. or else, it is a lost!
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I have given up on "loaning" people money. It's money you know there is a slim in h*ll they will ever pay it back. So if i have it, I will give it to them. I would rather keep the friendship and lose the money. Most have paid me back. if they do great, if they don't that is fine, too as I never expect to see the money again.
My 2 cents,
Phx0808
P. S. I have no money currently, so don't ask. :-[ :BangHead: :crybaby2:
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Consider it at gift. Now you don't have to buy them anything for their birthday or Xmas.
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I have let people borrow money but dont lend people money that I cant afford to lose just in case I dont get it back. I mean if I have a trusted friend and they can pay back smaller amounts I would be more willing to lend bigger amounts. It all depends on the person. But If i get burnt and dont get money back then I would never lend them anything again. Just dont lend out what you can afford to lose
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Personally I don't lend money (mostly because I don't have any). I tend to barter in favors. ;) Usually it's a I will watch your child and when I need you to you will watch mine!
But often my friends and I will rotate who pays for lunch. If I can't afford to pay for everyone then I don't ask people if they want to go...it works well for us and I doubt anyone could say for sure who has bought the most lunches nor do we really care. LOL
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You have to be discerning who really needs it or not. Some people are scammers. Sometimes if it's a specific need I can help them with (food, gas, etc.), then I will take them to get food, gas, medicine, etc. When you give money, don't expect payback. Don't know if I've ever "loaned" money to anyone.
To loan money to family and friends, is asking for trouble. It's not a good thing to do. Never cosign for anyone for anything. That makes you responsible for the loan (in case of nonpayment), and its not a good thing. I would hate something like money to come between my family or friends. It's not worth it.
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??? It's a matter of trust. I will not let people borrow money if I know they will use it to buy drugs or alcohol...i.e. "I know you're a crack head." I made that mistake one time and I regret it to this day. This family member knows that I will NOT give him any money for anything.
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Don't ever loan people money it's a good way to make enemies. Don't loan family money, most of the time you don't get it back.
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I would just want to give my friends the money not let them borrow the money. Because once you let friends borrow money your relationship changes and if they forget to pay you will start to hate them. If you can not give them the money, the best thing to say is no.
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I stopped lending money to people years ago, because I was never paid back. Now that I have almost no money, it's no longer an option. I've found those who have asked me in the past don't bother with me now because of my financial situation.
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When I loan money out, it's always money I determine I can afford to lose should the person not pay me back, or if it may take a while for a person to pay me back so I can't count on a quick return.
Most friends/family/neighbors I've loaned money to have paid me back when they were able, but not all of them. If it's someone new, I tend to give them the benefit of the doubt, particularly when they are asking for money for necessities (like I had a neighbor I knew was on Social Security and her check was late and she needed groceries). If the new person pays me back, then I'm more likely to loan them money again in their time of need. If not, it would depend on the amount they are asking for, but if they never make good, then I just don't keep cash on hand so if/when they ask, I simply reply I don't have any cash on me.
It's a judgment call on your part, however it would be wise to treat the money you loan as money you are not getting back, and if you do it's a bonus.
I agree with the earlier suggestion of not co-signing on someone's loan - that's a really good piece of advice to keep in mind.
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I lent someone money when I was in my 20's .....3 times... I saw the guy years later ....by coincidence. All I could think about was that he owed me $40. He paid me $20; I was still "out" $20.
I was watching Suze Orman's show for a while. What she says makes sense "people first, then money, then things"
If you give someone money, give it freely. family too.
Never loan family or friends money.
People of all kinds soak up and absorb money. It's like water.
Give freely .....that's the best with anything.
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yeah i let people use money. some haven't paid back. so when b-day or xmas comes up i just take 20 off of what they own me. even in one of my email names i have bank in it, lol
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Don't lend it if you really need it back.
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My husband loans money to his best friend and his sister and neice. They all are very good about paying us back.
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I have learned from past experiences and I don't let people borrow money anymore.
There are about 2 people in my life who have borrowed money from me in the past, but they have always paid me back with no problems, so if I am in the position to lend those are the ONLY two people in my life that I would let borrow money from me.
And family is the worst. I love my family do death!!!! But if we have already established over and over and over again that I lend you money and you don't pay me back, please don't ask me to borrow any money now or in the future. Unless it was something really serious or life and death, I just couldn't do it. I have learned my lesson.
I also make sure that I always get something in writing when it comes to lending money to the two people I mentioned above. Like I said I have never had a problem with either one of them before, but I have learned that you can never be too careful these days.
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One thing you have to learn, as I did that when you loan money, 99% of the time you never get paid back. Well at least that's the issue I run into. So now I never loan money for any reason.
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I don't loan money any more. Most of the people have never paid me back
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I have been in the same situation. It's really hard when family borrow money and act as though they didn't. When they see you they don't even mention it. What I realize now is that if I lend someone money I'm really giving it to them because you might not get it back. Some people take kindness for weakness.
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Consider it at gift. Now you don't have to buy them anything for their birthday or Xmas.
That is the way I handle it. I never LEND money. If someone I care about needs money and I can afford to give it I do. I never give money and expect it back. Doing that ruins friendships.
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i honestly cannot tell you the last time i loaned
someone money, or when anyone has even asked
to borrow money from me? i've payed for friends/relatives
when we've gone out and done things, but never
directly lent money...
i guess i wouldn't be opposed to it, depending on
the person/the amount. however, i'd never expect
it back. once it's gone, it's gone. and if you DO
get it back, bonus!
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I don't ever "lend" money to people with the assumption I am going to get it back. Therefore I rarely do it at all. If I feel someone really needs it then I will loan it and it is a bonus if I get it back later.
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I feel lending money to others is a bad idea unless it's to your immediate family. Something will always go wrong in my mind and you'll end up being out however much money. Even when I lived with roommates I had a hard enough time getting my deposit back from them. I've borrowed money from my parents, but again that's immediate family. My parents have also lent it to my siblings so they could buy their houses. Works out pretty well if you just keep it in the family.
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I just get frustrated with my best friend I do not care we share money we trade turns paying and I stay at her house all the time but other people it drives me crazy like these girls I paid to go to concert in December and come on they know they have to pay me back it drives me crazy people like that I never borrow money unless I know I can pay them back or it is my best friend who it does not matter because she is like a sister
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It will ruin a friendship/
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don't lend people money, they almost never pay you back.
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I lent 1500 to a friend and i never got it back several years ago - now i don't lend money to anyone anymore.
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If a person really needs to borrow money, I do lend out, if I can spare it. I was once told that if you let someone borrow money, you will never be broke. If found that not to be true, especially if the person never gives it back. Never lend if you can't afford it.
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I'll let people borrow money until it starts getting annoying. Where they are always asking and not paying me back
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eh, i have no money to loan so it's not an issue
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I've been in similar situations-I'm always the nice person that tries to help everyone and can sometimes get pushed over....I just try to show tough love to that person-obviously, if they're not respectful enough to pay you back (or at least mention it), they're not worth being your friend, so just let it go......don't let it bother you or bring so much negative energy into your life.....for me, I just let God be the source of justice.....maybe someday somebody will make it up to you (somewhat) in another way....
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I use to loan out money when I was much younger, but this created big issues when they did not return the money. I began pestering them constantly and this created bad chemistry between us eventually. Nowadays I don't lent money unless I have the mindset of not getting anything back. I do treat friends or we might take turns paying things, but that's different.
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I learned a long time ago not to loan money to relatives they never pay you back! And as for loaning money to Friends it's one way you can weed out your bad friends from the good ones!
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Money is sacred. Never lend out money, you will never get it back. Let me clarify, I would only lend money to my children or parents. Thats it. ANyone else has to find other means. My Money, what little I have is mine and will not be going to anyone anytime. I had an experience and I got burned. Never, ever again.
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never a borrower or a lender be...especially with friends and family. Every time that I have not adhered to this rule I have been burned. I have kept momentos from each failed loan: a $50.00 jacket for $900.00 never paid back, an eagle statue from an employee that hasn't paid $2,000.00 back, a ticket stub for $250.00 never paid back. There are online venues for lending that I now use when working with friends that act as intermediaries and give me a good return on money lent out for a small percentage.
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Now I am much older. Years later, I realize lending money sometimes is a bad thing. Especially to family and friends. I have done it so many times. I cant do it now. Everybody knows not to ask for me for money anymore because I no longer have it like that anymore. Everybody that I have helped along the way, are still working but you think they ask me if i need help or just give me money. Because sometime they didnt have to ask me for money. If I knew their situation I would just give it. I sure learned my lesson.